Fuel-Wallet GaugeDecember 1st came and went and so did the National Economic Council meeting but the matter of the fuel pricing mechanism could not be discussed as the topic yesterday focused on the security situation in Malaysia.

However, Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad announced that the country would receive another round of fuel price cuts before Hari Raya Haji which falls on the 8th of December 2008, so expect something before the end of this week as the 8th is next Monday, or perhaps an announcement will be made on the day itself.

Datuk Shahrir also said that the drop would be a maximum of 15 sen per litre and would only be for RON97 and RON92 fuel as diesel is still being subsidised. We could be looking at RM1.85 per litre for RON97 petrol and RM1.75 per litre for RON92 petrol, which would make diesel more expensive than petrol at the pumps if diesel fuel’s current RM1.90 price tag does not get slashed!

Look like we’ll have to put up with crap diesel for quite some time, but now we could have to pay more than RON97 petrol for it as well.